Word: funds
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Dates: during 1930-1939
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...Harvard CRIMSON has shown a most fair minded attitude in the somewhat perplexing problem of raising 25th Anniversary Gifts. You have opened your columns both to the Harvard Fund Council's Plan of direct contribution and to the so called insurance Plan. I read with a great deal of interest Mr. Coolidge's very fair summary of the situation as viewed by the Harvard Fund Council. However, his summary shows beyond question of a doubt that the Council does not understand the Insurance Plan which I presented to the Officers of the class of 1931. Although the matter is probably...
...twenty years old takes out a $1,000.00 policy he will pay an annual premium of $19.00 (he would pay this premium regardless of the disposition of his dividends). The dividends from this insurance would be paid by the Insurance Company annually to the Harvard Fund. The policy holder would be in full control of his policy and if he desired to do so he could alter the matter of the dividend payment. By notifying the company he could suspend his payments to the Fund and have his dividends revert to him in cash, or have them applied...
...feels able to do and yet involves to obligation on his part. If the plan were accepted there would be men in the class who would be interested in buying $10,000.00 insurance and who would be willing to have one-tenth of the dividends paid to the Fund. There will be men in the class who would be interested in buying a $50,000.00 policy and who would be willing to have 50 percent of the dividends paid to the class. There would be men who would have no desire for insurance and who would make their contribution when...
...There is and can be no charge made by the Insurance Company or its agent for putting the plan in operation. After this point has been repeatedly misunderstood let me repeat myself. The Insurance Company and its agent do not charge one penny against the Harvard Fund, against the 25th gift, or against the individual policy holder for its services in sending dividend checks to the Harvard Fund...
...Insurance Plan has no attraction to the individual member of the class who has sufficient life insurance. On the other hand, to those members of the class who are intending to insure their lives and who are intending to make a gift to the Harvard Fund the combining of the two into a single transaction becomes an ideal solution. The contributions are made with the minimum of effort on the part of the individual and the fund gains a maximum of return. It is my very real belief that the Council's opposition to the Insurance Plan has been because...